On May 30, the U.S. Supreme Court issued a unanimous decision in Cantero v. Bank of America, vacating and remanding a decision by the Second Circuit that concluded that the federally authorized powers of national banks under...more
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger...more
5/1/2024
/ Bank Merger Act ,
Banking Sector ,
Banks ,
Biden Administration ,
Executive Orders ,
FDIC ,
Merger Reviews ,
Mergers ,
NPRM ,
OCC ,
Policy Statement ,
Proposed Rules
On Sunday evening, the U.S. Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation announced measures to (1) prevent losses to all depositors — including all uninsured depositors — after...more
3/17/2023
/ Banking Sector ,
Banks ,
Biden Administration ,
Deposit Accounts ,
Deposit Insurance ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Insolvency ,
Receivership ,
Relief Measures ,
Silicon Valley ,
U.S. Treasury
On Sunday evening, the Department of the Treasury (Treasury), Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) announced measures to (1) prevent losses to all depositors—including all uninsured...more
3/14/2023
/ Banking Sector ,
Banks ,
Deposit Accounts ,
Deposit Insurance ,
FDIC ,
Federal Reserve ,
Insolvency ,
Receivership ,
Relief Measures ,
Silicon Valley ,
U.S. Treasury